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My first Houseboat!

I am looking at a 1989 Gibson 36' that from what I can tell is in good condition. I've been on it several times and never noticed any problems. The owners told me that they have taken good care of it and have even had some recent upgrades done to the electrical wiring, prop and engine.

What are some of the most common problems that I should look for when buying a new houseboat?
Do you folks have any advice for a first time buyer?

It may be as the owners claim and it may not. The best thing to do is get a Condition and Value survey (C&V) Hire a certified marine surveyor. It will cost you some bucks but it will save you a whole lot more than it will cost to have it surveyed. Under no circumstances hire a surveyor recommended by the seller. Find your own. Check with SAMS (Society of Accredited Marine Surveyors) http://www.marinesurvey.org/us-regions.html. Make sure you get both an in water (so they can run everything) and an out of the water survey.